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Feb 16, 2013
02/13
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>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividends which a lot of people consider lazy and uncreative to try to go out and buy company. the rich are getting richer and the big companies, the only place they can use the huge acquisitions to put the huge pile of cash to good use. >> brenda: gary b, we talk about the markets be in record highs or all-time highs and we were basically where we were six years ago. >> exactly, brenda. in fact the nasdaq is way below its all-time highs, so there's plenty of room to grow and getting back to, you know, larry and jonas made excellent points. normally merger activity is a harbinger of an improving economy and i think the stock market could break higher. the only point, jonas said about buffet
>> i'm not sure it's a good thing for the economy. i don't think it's a bad thing for the economy. i think it's a bad thing for small and medium sized businesses, but look, when you have apple who has more money than the u.s. government, but of course, we all have more money than the u.s. government, there's no real place to put this money, and what jonas talked about with this, give it back in dividends which a lot of people consider lazy and uncreative to try to go out and buy company....
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Feb 22, 2013
02/13
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economy now taking a toll on businesses and consumers. welcome to a new hour of america live, everyone, i'm megyn kelly. some economists are seeing new warning signs that higher taxes, flat wages and growing debt are slowing our already struggling economy. in recent days we've seen reports that wal-mart is stocking more shelves with less expensive products to adjust for a drop in consumer buying power just, just earlier this week we documented wal-mart describing january as a total disaster for it. in terms of sales. part of the drop blamed on skyrocketing gas prices that jumped nearly 50 cents in the past month alone. in addition to the payroll tax hike that people suffered this year, taken a 2% chunk out of the average paycheck for 77% of americans. now, a new survey says that 7 out of 10 americans are cutting back on spending as a direct result of the factors and much more. the national correspondent jim angle with more on this. >> hello, megyn, consumers are spending less as their confidence drops and higher gas prices take more money
economy now taking a toll on businesses and consumers. welcome to a new hour of america live, everyone, i'm megyn kelly. some economists are seeing new warning signs that higher taxes, flat wages and growing debt are slowing our already struggling economy. in recent days we've seen reports that wal-mart is stocking more shelves with less expensive products to adjust for a drop in consumer buying power just, just earlier this week we documented wal-mart describing january as a total disaster for...
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Feb 21, 2013
02/13
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economy don't really pay any income tax. by the time they get their refund. i mean, they're not paying. >> and, but they-- anyone entitled to a refund for the government to be so incompetent not to get that done. that's my complaint and you're talking about a whole different thing. if someone's got a refund coming and lawfully applied for it. he or she should get it and not have an incompetent government drag that out. >> you would think that are they are so good at spending money they'd pay it back. but overall government is killinbusiness here and coming in on knocking on the door to tell business what it's doing wrong and if our economy comes back, it's not going to be on the backs of the poor and not because the poor starts spending, it's because business starts investing again and capitalism is optimism. and monetarize, we keep thinking of bad things that are going to happen. >> greta: thank you. >> thank you, greta. >> thank you, greta. >> greta: and more than two years ago, the people of bp made a commitment to the gulf. and every day since, we've work
economy don't really pay any income tax. by the time they get their refund. i mean, they're not paying. >> and, but they-- anyone entitled to a refund for the government to be so incompetent not to get that done. that's my complaint and you're talking about a whole different thing. if someone's got a refund coming and lawfully applied for it. he or she should get it and not have an incompetent government drag that out. >> you would think that are they are so good at spending money...
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Feb 23, 2013
02/13
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analyzes what happens in the economy. now, we have this conversation each year for the last four years at this time. >> kelly: that's right. >> gas prices spiked seasonally and as we get into memorial day, they'll go back down again and encourage people to budget about $4 a gallon for gasoline this year, and by the end of the year, when christmas rolls around, you'll have some extra money for christmas because the average price will be lower than $4. >> that's very encouraging, but give me your best forecast on our overall economy because it's still rather anemic. >> well, we're stuck in this low growth economy and there's just no way out of it. as long as the government continues to artificially hold down the interest rates and try to provide a stimulus for borrowing, that's just not going to work. as we look at a 2% growth economy, that's going to go up and down on the flat line quite a bit and don't expect for wages to increase for this period. there's just no way you can increase wages with a 7% unemployment. however,
analyzes what happens in the economy. now, we have this conversation each year for the last four years at this time. >> kelly: that's right. >> gas prices spiked seasonally and as we get into memorial day, they'll go back down again and encourage people to budget about $4 a gallon for gasoline this year, and by the end of the year, when christmas rolls around, you'll have some extra money for christmas because the average price will be lower than $4. >> that's very...
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Feb 22, 2013
02/13
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the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong economists, why don't you listen to 80% that are analyzing all of the factors, that's what they're not doing, juan. >> sean: we've got to take a break. we'll come back and more with juan and herman, new contributor after the break and former new york city mayor rudy guiliani is here to explain why liberals are destroying or deploying these sequestration scare tactics and how the mess can be all attributed back to president obama. and former speaker of the house newt sgingrich is here how they confidence of chuck hagel and a jammed packed edition. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take
the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong economists, why don't you listen to 80% that are analyzing all of the factors, that's what...
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Feb 22, 2013
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the economy i think could be harmed. they estimate 1 hadn't 2 million jobs and that will impact the employment rate. even if you said forget what ray lahood is saying about the long lines at the airport, what does it matter it has consequence on the larger effect on the economy struggling to gape recovery. >> bret: what about fred's point of the public assessment of the sky is falling out of washington and that there is a glazing over. they have heard it a lot. >> the notion wegone crisis to crisis has effect on that. not much changed. at who point do you have impact? the white house is counting on it having impact it puts republicaputpressure on republi. >> so much error, so little time. we are talking about minuscule amount of the economy that will throw us in a recession. this will have some epect the washington area. because they will be furloughed of people working for the federal government. but washington area prospered as the rest of the country suffered. people have done well. it will cause the most disruption.
the economy i think could be harmed. they estimate 1 hadn't 2 million jobs and that will impact the employment rate. even if you said forget what ray lahood is saying about the long lines at the airport, what does it matter it has consequence on the larger effect on the economy struggling to gape recovery. >> bret: what about fred's point of the public assessment of the sky is falling out of washington and that there is a glazing over. they have heard it a lot. >> the notion wegone...
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Feb 23, 2013
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is going to be bad. >> brenda: jehmu, what do you think of the economy. is this really going to keep hurting? >> well, the payroll tax holiday was a holiday. it was never going to be permanent. i'm sure there are many children out there who want santa claus to come year round, but that doesn't happen. so these companies, they should be grateful that the federal government gave them this student for the last two years, but look, they haven't fallen off a cliff and haven't dried up. look back to where we were in december where they said they're going to spend and we're at 4% higher than the year before. and if you look at the bloomberg consumer comfort index, half the of americans are saying their personal finance they're looking at it highly positive which is a year high. and this is not something to be freaking out about right now. >> and from china, he loans us 40 cents on every single dollar largest stimulus in history. santa claus is real apparently. >> if you're concerned about it, can you imagine when the sequester hits? that's, that's the tragedy. >
is going to be bad. >> brenda: jehmu, what do you think of the economy. is this really going to keep hurting? >> well, the payroll tax holiday was a holiday. it was never going to be permanent. i'm sure there are many children out there who want santa claus to come year round, but that doesn't happen. so these companies, they should be grateful that the federal government gave them this student for the last two years, but look, they haven't fallen off a cliff and haven't dried up....
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Feb 23, 2013
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you have the vibrant economy they will do well. but in terms was defined benefit plans. >> steve is not paying me for this but gets the last word again. >> coming up. is our surging debt putting your hoim security at risk? both republicans and democrats playing up the fire on budget cuts and can we make cuts without paying . cuts that won't put anyone at risk, coming up next great, everybody made it. we all work remoly so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. (announcer) scottrade knows our and invest their own way. with scottrade's smart text,
you have the vibrant economy they will do well. but in terms was defined benefit plans. >> steve is not paying me for this but gets the last word again. >> coming up. is our surging debt putting your hoim security at risk? both republicans and democrats playing up the fire on budget cuts and can we make cuts without paying . cuts that won't put anyone at risk, coming up next great, everybody made it. we all work remoly so this is a big deal, our first full team gathering! i wanted...
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Feb 16, 2013
02/13
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are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here
are somewhat pole driven and sound generally good to the public and he pitches them as helping the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the...
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Feb 20, 2013
02/13
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does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt about that. on the upside we're starting to come out of it. economic numbers are looking better and healthcare costs are better and we will have a bunch of clean source of energy on online. we have some things.... >> bill: you are avoiding my question. what is the solution to the wages? look, the obama administration wants to control the private economy, the marketplace. they are doing a lot of things to make the marketplace responsible to washington, not to competition. so is that the right way to go, or do you allow the free marketplace to take it where it want
does the federal government take over the private economy? how do you deal with that in system cap list particular system where competition drives wages? >> well, again, its long term problem has been going on since the '70s. we have been through we are still in recession. technically we are out of recession but we're in difficult times as a result of the housing crisis, most people lost 40% of their wealth. obviously, african-americans have been hit hard with this. there is no doubt...
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Feb 17, 2013
02/13
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it is taking a hatchet hatchete budget when the economy is in a fragile state. the president says look back to the negotiations he was having with speaker boehner. he says a lot of the proposals are still on the table. let's kick the dan down the road a little farther and avoid the sequestration. >> we had a two month delay. >> that is is the way we govern now in washington. one crisis to another. when you come up against the debt ceiling and the fiscal cliff usually we put it off. but i think this is one that is going to cause tremendous damage and the question is with the congress gone for a week when do they have time to negotiate. >> $85 billion out of a $3.5 trillion budget. >> a small percentage but if it affects you. >> and this is going to hurt the economy? >> if you lose your job i think it hurts you don't you think? >> fundamentally the debt that we have at the moment is the bigger problem for the economy and job creation in the private sector. >> chris: let me binge karl in to talk about the sequester and look at the president's state of the union spe
it is taking a hatchet hatchete budget when the economy is in a fragile state. the president says look back to the negotiations he was having with speaker boehner. he says a lot of the proposals are still on the table. let's kick the dan down the road a little farther and avoid the sequestration. >> we had a two month delay. >> that is is the way we govern now in washington. one crisis to another. when you come up against the debt ceiling and the fiscal cliff usually we put it off....
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Feb 16, 2013
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and the way to reduce it obviously is to get the economy growing again. you know, it doesn't really do any good to keep taking from this tree or that tree and squeezing it down. you know, i talked -- i like parables so in the book i give a parable of two identical brothers. they are put on deserted islands with their families. one had the philosophy -- they only ate trees and products of trees. one had the philosophy i'm going to eat what i need and i'm going to let the others grow. pretty soon he had an entire forest and another enough food for everyone. the other, as soon as a sampling came up he was on it and was eating it, and he and his family eventually starved to death. basically the same thing, if you keep taking and taking rather than create a situation where you can grow. you look at the fact that we have the highest corporate taxes in the world. and then we wonder why companies are going offshore. well, we need to go back to basic business school and understands that companies are there to earn money, not to be social welfare organisms. >> let
and the way to reduce it obviously is to get the economy growing again. you know, it doesn't really do any good to keep taking from this tree or that tree and squeezing it down. you know, i talked -- i like parables so in the book i give a parable of two identical brothers. they are put on deserted islands with their families. one had the philosophy -- they only ate trees and products of trees. one had the philosophy i'm going to eat what i need and i'm going to let the others grow. pretty soon...
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Feb 23, 2013
02/13
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add it together and that is it an economy killer. >> last word to you, wayne. you get one more word here. >> and the only word is, one i said before. it is there but just a question of facing it sigh -- you will see it in beef and chicken prices. i don't know how people deal with it. and coming up. can we crack down on china hacking us if we are . see the and even more jobs. searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit ches with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#: 1-800-345-2550 call, click or visit to start banking with schwab
add it together and that is it an economy killer. >> last word to you, wayne. you get one more word here. >> and the only word is, one i said before. it is there but just a question of facing it sigh -- you will see it in beef and chicken prices. i don't know how people deal with it. and coming up. can we crack down on china hacking us if we are . see the and even more jobs. searing for a bank designed for investors like you? tdd#: 1-800-345-2550 schwab bank was built with all e...
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Feb 16, 2013
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economy. that's indisputable. the real question whether they're having an impact on the nuclear program. and look at north korea, most heavily sanctioned and yet it exploded its third device. and what iran is trying to do get their price of the table up to a satisfactory to them. and i think they sense weakness on the part of the western europeans and to the obama administration, and get them to give away something just to sit down at the table, obviously, great bargaining. >> kelly: and what you just said is disconcerting to me as other americans. shows they're looking at us with a level of disrespect, rather than respecting our wishes and going ahead and meeting our demands to dissis-- or cease, rather, the nuclear welcomes. what more can we do on our end, as well as have our western allies to step up to get this stalemate resolved? >> let's look at exactly who they're not respecting, the entire u.n. security council for the past six years have been saying, stop all uranium enrichment activi
economy. that's indisputable. the real question whether they're having an impact on the nuclear program. and look at north korea, most heavily sanctioned and yet it exploded its third device. and what iran is trying to do get their price of the table up to a satisfactory to them. and i think they sense weakness on the part of the western europeans and to the obama administration, and get them to give away something just to sit down at the table, obviously, great bargaining. >> kelly: and...
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Feb 20, 2013
02/13
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the media of course will give obama a free pass on the economy but they didn't cover the obama economy with near the kind of voracity. >> when it comes to this stuff, if you're going to be aggressive on one, be aggressive on all. like we raised from the coverage of jesse jackson junior. if you go after republicans for inproprieties go with equal zeal covering democrats in theirs. on the economy stuff, we are led to believe that we are in the middle of a gang busters's recovery when even to date we're net jobs down in this administration, to say nothing of not keeping up with the increase in population you pointed out. i wonder as i see this going forward some years whether even in coverage of the whole sequestration, it's republicans being intransigent wanting to control spending and not democrats who seem to be equally zealous not wanting to control reigning it in. what is good for the goose ought for good for the gander. >> what's happening with sequestration and a couple of your guests alluded to this. president obama has a political strategy. act three in a three part play. two yea
the media of course will give obama a free pass on the economy but they didn't cover the obama economy with near the kind of voracity. >> when it comes to this stuff, if you're going to be aggressive on one, be aggressive on all. like we raised from the coverage of jesse jackson junior. if you go after republicans for inproprieties go with equal zeal covering democrats in theirs. on the economy stuff, we are led to believe that we are in the middle of a gang busters's recovery when even...
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Feb 22, 2013
02/13
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what you could spend millions on to benefit the chinese economy. you're not going to like this one minutes away. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your walle told you i'd get half. today is gonna be an important day for us. you ready? we
what you could spend millions on to benefit the chinese economy. you're not going to like this one minutes away. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. from capital one... boris earns unlimited rewards for his small business. can i get the...
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Feb 22, 2013
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economy. not everybody is buying the predictions. gop senator rand pauline dismissing the president's warnings as histrionics and urging fellow republicans to call the president's bluff. mike emanuel live for us. what is the white house saying? >> putting the pressure on the republicans to act. trying to put the spot light on the cuts scheduled for march 1. a house leading democrat on what it all means. >> in plain english sequester equals massive job lots and massive disruption in important investments for our kids and national security and for our public health and for other things that help our economy grow and allow us to maintain our competitive edge. >> fox news has learned fbi director robert muller warned agents yesterday that they will likely be furloughed due to the ongoing budget battle in washington. meanwhile, today the white house made this appeal. >> there is some responsibility here on the republican side to do what the president has done which is to hear what the american people are saying which is please compromise.
economy. not everybody is buying the predictions. gop senator rand pauline dismissing the president's warnings as histrionics and urging fellow republicans to call the president's bluff. mike emanuel live for us. what is the white house saying? >> putting the pressure on the republicans to act. trying to put the spot light on the cuts scheduled for march 1. a house leading democrat on what it all means. >> in plain english sequester equals massive job lots and massive disruption in...
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Feb 19, 2013
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and remember, the spin stops here, and we're dlooking out fo >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2 trillion dollars, 6 of which president obama tacked on by his lonesome. while he's busy working on his golf game, the march sequestration deadline is closer and closer 1.2 trillion in cuts will penalize our pentagon. and the round of golf played one day after our commander-in-chief found time in his busy schedule to hit the links with none other than serial philanderer tiger woods. and the first lady is taking advantage of the tax dollars, on a ski trip in colorado. as far as the outing with president obama and the world famous golfer don't expect to see any video, the white house prohibited from covering the a
and remember, the spin stops here, and we're dlooking out fo >> and tonight as the american economy burns, i am happy to report that president barack obama successfully completed his 116th round of golf since taking the oath for office and accomplished that that earlier today vacationing in florida on your dime and do so as we speak, more than 12 million americans are looking for work. there are 47 million families dependent on stood stamps, the national debt is a staggering 16 1/2...
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Feb 23, 2013
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it's a side that shows how irresponsible he's been in dealing with our economy. and this has been the worst president for our economy in the history of this country. >> i know, but tell me how-- i hear the story about people getting pink slips and i don't want people to suffer. if we have a sequestration and we have a slowed spending increase, why would anyone even be laid off? because we're spending more even with the sequestration. >> i don't get it, greta and the people he's talking about are being laid off are paid for by state and local budgets. and those firefighters and rescue workers and everything else, they're paid for by, you know, the city of los angeles and the city of new york and the state of california and the state of texas and these are not -- we're not talking about federal workers, no reason for massive layoffs if it's just a reduction in the increase in spending and not a real reduction in spending. maybe there'll be some layoffs, but not massive layoffs and you know something, the federal government needs some layoffs. we employ way too many
it's a side that shows how irresponsible he's been in dealing with our economy. and this has been the worst president for our economy in the history of this country. >> i know, but tell me how-- i hear the story about people getting pink slips and i don't want people to suffer. if we have a sequestration and we have a slowed spending increase, why would anyone even be laid off? because we're spending more even with the sequestration. >> i don't get it, greta and the people he's...
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Feb 19, 2013
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and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement. angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take 30 days to alert you-- too late for jack. lifelock ha
and our economy in general. another big story that we are watching is oscar pistorius sticking to his story in court today claiming he shot his girl friend in the middle of the night by accident. a live report, next. >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. after 40 years, he finally saved enough to enjoy retirement....
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Feb 19, 2013
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to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning of the next decade as the reforms that were proposed by the bipartisan simpson-bowles commission. i'm willing to save hundreds of billions of dollars by enacting comprehensive tax reform that gets rid of tax loopholes and deductions for the well off and well connected, without raising tax rates. i believe such a balanced approach that combines tax reform with some additional spending reforms, done in a smart, thoughtful way, is the best way to finish the job of deficit reduction, and avoid these cuts once and for all that could hurt our economy,
to reduce our deficits without harming our economy. but congress has to act in order for that to happen. now for two years i've offered a balanced approach to deficit reduction that would prevent these harmful cuts. i outlined it again last week at the state of the union. i am willing to cut more spending that we don't need, get rid of programs that aren't working, i've laid out specific reforms to our entitlement programs that can achieve the same amount of healthcare savings by the beginning...
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Feb 20, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> brian: he proposed it. did he ever think the idea would work? did he always that i deal would be done? we'll report. you decide. >> steve: then desperate times call for desperate measures. move over, calvin klein. the postal service is getting into the fashion industry. we want to see your designs, your ideas. e-mail us. we'll explain it all in a couple of minutes. you're watching "fox & friends" hour two for wednesday. >> gretchen: good morning, everybody. we're all back on the couch together. >> brian: yes, we are. >> gretchen: after president's day weekend. we have a fox news alert to tell you about because the world is waiting to see if oscar pistorius is granted bail today after being charged with the premeditated murder of his model girlfriend. day two of his hearing underway now. earlier police revealed they did find steroids and needles in his bedroom, but his lawyer says it was not for a banned sub
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> brian: he proposed it. did he ever think the idea would work? did he always that i deal would be done? we'll report. you decide. >> steve: then desperate times call for desperate measures. move over, calvin klein. the postal service is getting into the fashion industry. we want to see your designs, your ideas. e-mail us. we'll explain it all in a couple of minutes. you're...
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Feb 19, 2013
02/13
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what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k). i think it's how they are doing mentally and retail stocks hitting all time high why? >> because they're in the stock market and the way that normal people live. >> what matt is talking about, what ben bernanke is calling the wealth effect and you feel wealthier and i don't think it's working, in fact, one of the real things, we're watching tv and hit me as all of the these commercials come on. everything was zero. the cars, zero down. zero interest, zero payments. the furniture store, zero interest, zero down payment and we're living in a zero, zero world. >> megyn: and mig
what about the fact that the economy is doing very well, right? doing pretty darn good and a stock market at almost an all-time high and maybe moving up and spending money on higher end goods. in 2008 when the market-- >> as a nonfox business person can i say look if the economy is doing well, a stock market doing well. and negative growth in the fourth quarter. people look at their wealth and open the 401(k) people and see how. >> megyn: rich people. >> everyone has a 401(k)....
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Feb 21, 2013
02/13
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it's not good for the economy. you look at the cuts and what happened to the defense department alone what it would do to the economy in terms of the unemployment rate is serious. i don't think that anybody laid forth any kind of serious plan. the president's plan doesn't talk about entitlement spending at all and continues to load everything on the defense department. looksh i'm all for, you know, cutting where there can be cutting. but you can't constantly go to defense department and ask them to do as much as they're doing and pretend to cut them and pretend like the entire pie does not exist over here this needs to be dealt with. >> bret: steve, by the way, that warren act thing we -- the warn act thing we will follow up on that. that is a ponial problem for trial attorneys may be licking their chops. not sure. >> it seems to catch gene sperling by surprise, he didn't have a ready answer how they would handle this. it would be the perfect cota to the entire episode if it ended with the federal government paying
it's not good for the economy. you look at the cuts and what happened to the defense department alone what it would do to the economy in terms of the unemployment rate is serious. i don't think that anybody laid forth any kind of serious plan. the president's plan doesn't talk about entitlement spending at all and continues to load everything on the defense department. looksh i'm all for, you know, cutting where there can be cutting. but you can't constantly go to defense department and ask...
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Feb 24, 2013
02/13
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that is money out of the economy as well. if we are not careful a tax increase on one end could be a problem and severe cuts could be a problem. one of the biggest problems in this city too many times they kick the can it doesn't matter which party down the block if you will and don't really solve the problem. our hope is between now and march 1 they will find a way to provide better alternatives to the cuts and the sequester. >> you wouldn't is support the tax hikes and spending cuts. >> when the president proposed a sequester he said the cuts are so bad that the congress and administration will come back and provide a better alternative of cuts and not new tabs. they already had the tax increases. that came at the last year when we temporarily avoided the fiscal cliff. the challenge how to is to find better long-term ways to solve the fiscal problems facing this country right here in washington. >> chris: you you have a smaller impact of the sequester if delaware. how concerned are you about it? >> we are concerned particul
that is money out of the economy as well. if we are not careful a tax increase on one end could be a problem and severe cuts could be a problem. one of the biggest problems in this city too many times they kick the can it doesn't matter which party down the block if you will and don't really solve the problem. our hope is between now and march 1 they will find a way to provide better alternatives to the cuts and the sequester. >> you wouldn't is support the tax hikes and spending cuts....
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Feb 21, 2013
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it's a $16 trillion economy, this is not going to trigger the economy. >> reporter: meanwhile we are in full blame game, finger-pointing mode in washington. congressional republicans blaming the white house, the white house blaming congress, others predict this will all be much worse. folks in major military towns, for example, where bases and troops are their life blood are clearly worried about the impact they will have on mom and pop whic businesses, on restaurants unless something major happens when congress returns next week in some bipartisan nags we will soon get a sense of how much pain it will cause the american public. the cuts due to kick in a week from friday. jenna: can we do fox news alert when we are out of this finger-pointing mode? would you just let us know when that happens. we'll come to you live wherever you are. >> reporter: yeah, not any time soon. jenna: thank you. jon: while we are in the finger-pointing mode let's talk more about the sequester's potential impact on our economy. bob cusack is managing editor of "the hill." to listen to the spin from the white
it's a $16 trillion economy, this is not going to trigger the economy. >> reporter: meanwhile we are in full blame game, finger-pointing mode in washington. congressional republicans blaming the white house, the white house blaming congress, others predict this will all be much worse. folks in major military towns, for example, where bases and troops are their life blood are clearly worried about the impact they will have on mom and pop whic businesses, on restaurants unless something...
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Feb 23, 2013
02/13
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economy as a whole. to say that wal-mart is an example of a larger problem is really not accurate. >> kelly: a movie for them brilliant movie that tapped into peoples income tax returns. what about today. the average american consumer, how are we doing in light of the payroll tax. is our economy still good? >> we're seeing discretionary spending contracting because of that. payroll tax is up. average american family that brings home $40,000 a year is going to see $800 less in discretionary spending. we're seeing gas prices creep up. >> kelly: 50 cents in a month, what does that mean? >> on the other hand we're seeing some bright spots. the stock market is up over 6% year to dated. we're seeing housing recover. we're seeing u.s. manufacturing pick up. so we're seeing a lot of bright spots. some economists have said that when times are tough for walmart it's a positive sign for the rest of economy. >> kelly: why is that? >> because they really attract the value customer. they are known for cheap products,
economy as a whole. to say that wal-mart is an example of a larger problem is really not accurate. >> kelly: a movie for them brilliant movie that tapped into peoples income tax returns. what about today. the average american consumer, how are we doing in light of the payroll tax. is our economy still good? >> we're seeing discretionary spending contracting because of that. payroll tax is up. average american family that brings home $40,000 a year is going to see $800 less in...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not abstraction. >> sean: the cuts are not fair, they're going to hurt the economy, what the president didn't mention, the sequester, that was his idea in the first place. >> the man who literally wrote about the book about the budget battle. whose idea was the sequester and did you ever think we had he' get to this point? >> first, it was the white house. it was obama and neighbors went to the democratic leader and harry reid and said this is the solution. >> sean: there you have it the plan that the president is calling not smart, not fair, was actually his solution to quote, saving the economy. again, that's not what we heard today at the white house, what we heard was our commander campaigner in chief reverting back into election mode and blaming republicans and using pathetic scare tactics to smear the opposition. sound familiar? you've heard the fear mongering, what i'm about to play is only desc
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not abstraction. >> sean: the cuts are not fair, they're going to hurt the economy, what the president didn't mention, the sequester, that was his idea in the first place. >> the man who literally wrote about the book about the budget battle. whose idea was the sequester and did you ever think we had he' get to this point? >> first, it was the white house. it was...
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Feb 20, 2013
02/13
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listen. >> or help the economy, won't create jobs. now, congress allowed this meat cleaver approach to take place. it will jeopardize our military readiness, emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. thousands of teachers and the educators will be laid off. hundreds of thousands of americans will lose access to primary care, and preventive care like flu vaccinations and cancer screenings. >> but if the president warns of devastating consequences, the wall street journal. chris stirewalt is our news power play live and stuart varney is anchor on the fox business network, great to see you both. stu, let me start with you, because we talked with chris a little about this yesterday. i'm interested in your take because the journal points out that this is a small percentage overall in spending and they say if you look at the history of spending in this country, after world war ii, they say federal spending went from 42% of the gross domest
listen. >> or help the economy, won't create jobs. now, congress allowed this meat cleaver approach to take place. it will jeopardize our military readiness, emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. thousands of teachers and the educators will be laid off. hundreds of thousands of americans will lose access to primary care, and preventive care like flu vaccinations and cancer...
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Feb 22, 2013
02/13
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these cuts are not smart, not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment role. >> massachusetts democrat congressman, that doesn't sound like calm talk to me. that sounds like scary talk. >> well, facts are sometimes scary. what the president said is facts -- >> neil: if this stuff was coming why would be go golfing and why would you be off? >> i agree with you. we voted to stay in. we should be there. but being there and doing something are two different things. >> neil: i understand that -- >> yet aim other hearing from the other side is a not possible. >> neil: you're pragmatic but for the president to go away, knowing all these problems were on the way and we would see all these cuts and beef inspector cuts and all the other hellacious things that were to happen, man, i wouldn't leave the white house. i would be going 24/7. >> i understand what you're saying, but with today's modern technology, telephones -- >> neil: on the golf course? you don't have to scare people -- >> well -- >>
these cuts are not smart, not fair, they will hurt our economy. they will add hundreds of thousands of americans to the unemployment role. >> massachusetts democrat congressman, that doesn't sound like calm talk to me. that sounds like scary talk. >> well, facts are sometimes scary. what the president said is facts -- >> neil: if this stuff was coming why would be go golfing and why would you be off? >> i agree with you. we voted to stay in. we should be there. but being...
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Feb 16, 2013
02/13
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economy. small businesses recent survey suggests they are still struggling and delayed economic recovery is bringing pessimism among business owners and beyond. jerry is president of capital management and fox news contributor. thanks for joining us today. among the surveys there is one, expectations for small businesses is fourth lowest reading in 40 years. why do they continue to struggle? >> just remember we use the word business, it's people. people are making decisions on their wallets and how business is going. right now we have, i call a vicious cycle of stupidity where they are raising taxes on the business owner. they are raising on the consumer that spends on the business and you have a business owner that says things are not so good. i'm not going to hire as quickly and end up in a situation like this. >> heather: speaking of hiring we were just discussing this, the president has been on his road trip talking about his economic policies. things that he wants to move forward. one of
economy. small businesses recent survey suggests they are still struggling and delayed economic recovery is bringing pessimism among business owners and beyond. jerry is president of capital management and fox news contributor. thanks for joining us today. among the surveys there is one, expectations for small businesses is fourth lowest reading in 40 years. why do they continue to struggle? >> just remember we use the word business, it's people. people are making decisions on their...
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Feb 24, 2013
02/13
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the chinese coming into our networks, stealing blueprints, taking it to china and the economy competing in the international market. >> the white house promised that president obama is putting pressure on the chinese to cut it out. >> i tell you that we have repeatedly raised our concerns at the highest levels about cybertheft with senior chinese officials, including in the military, and we will continue to do so. >> for their part, a chinese foreign ministry spokesman denied wrongdoing this week in mandarin. quote, internet hacking attacks are an international problem that should be resolved on the basis of mutual trust and respect and international cooperation, continuous criticism based on data is irresponsible, unprofessional and not helpful but the american security firm put out 60 pangs pangs -- pages of evidence they say proves the chinese military is using a 12 story building in change -- shanghai as a base for international hacking. >> the future of the catholic church. coming up, more from the vatican city where a massive crowd gathered in st. peter square. people around the w
the chinese coming into our networks, stealing blueprints, taking it to china and the economy competing in the international market. >> the white house promised that president obama is putting pressure on the chinese to cut it out. >> i tell you that we have repeatedly raised our concerns at the highest levels about cybertheft with senior chinese officials, including in the military, and we will continue to do so. >> for their part, a chinese foreign ministry spokesman denied...
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Feb 16, 2013
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>> are we really building our economy on sensitivity counseling? we wonder why we hav>>e a broke government. i'm surprised theyno didn't hire bob to do the training. just kidding. >> great. >> am i missing something? it sounded like totalitarian brainwashing. it was very, very creepy and i think it probably scared the people. you walk around thehi office, you're scared to say something. it was very cultish. but also, am i missing something here? why are they talking about immigration at the usda? u weren't there like corn prices they need to talk about, maybe something like that? >> that's right. this is way out of their area of expertise. but i will say this again, that the english, europeans came over and threw the indians off their land, threw them on reservations. exterminated them.ns >> ex termed? >> -- exterminated? >> farm and migrant labor is something they deal with. >> let me get this straight, bob,hi america's founding fathe, they came over here, coolonnized america, made it thee, great lad that we are told. you're saying they exterminat
>> are we really building our economy on sensitivity counseling? we wonder why we hav>>e a broke government. i'm surprised theyno didn't hire bob to do the training. just kidding. >> great. >> am i missing something? it sounded like totalitarian brainwashing. it was very, very creepy and i think it probably scared the people. you walk around thehi office, you're scared to say something. it was very cultish. but also, am i missing something here? why are they talking...
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Feb 24, 2013
02/13
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it is it 110 billion out of the entire economy . retailers who rely on the dollars. >> it was not quite a surprise. >> this is it a surprise to regular people. >> it shouldn't have been. we talked about this. >> it is it talked about how you and everybody. average people including rich people are getting a pay roll tax increase. don't ask me why. this is it bad. you can talk about the stock market. i think that is it a technical factor and why put your monep in bonds when you can put your money in stockings. what is happening is that retailers are saying that consumption is going to slow down. >> the economy will slow down and that is it a huge part of the gdp. >> jerry, the president said we need more taxings to deal with sequestration. >> why do we need more taxes right now . we have an economy with unemployment and enduring new obama taxes and last thing they need is it highir taxes and ticking along and fourth quarter is negative . higher taxes will make it worse and not better. >> it is it duplic ituous. it is taking all the ta
it is it 110 billion out of the entire economy . retailers who rely on the dollars. >> it was not quite a surprise. >> this is it a surprise to regular people. >> it shouldn't have been. we talked about this. >> it is it talked about how you and everybody. average people including rich people are getting a pay roll tax increase. don't ask me why. this is it bad. you can talk about the stock market. i think that is it a technical factor and why put your monep in bonds...
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Feb 16, 2013
02/13
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>> andrea: are we building our economy sensitivity? i'm surprised they didn't hire bob to do the training. just kidding. am i missing something? it sounded like toe tailtarian brainwashing. creepy. it probably scared people. walk around the office and scared to say something. am i missing something here? why are they talking abimmigration at the u sda? aren't there corn prices they need to talk about? maybe something like that? >> bob: right. this is out of their area of expertise. >> but they came in and threw the indians off their land, exterminateed them. >> exterminateed them? >> dana: farm and migrant lentor something they deal with. >> so america's founding fathers that came over here, colonized america, made it the great land it is our today, you say they exterminateed -- >> bob: jesse, you must have been educated -- >> you don't believe that. >> bob: the founding fathers came here 100 years after the approximately grimpilgrims came. >> the colonist, bob. >> bob: what do you think they did with the indians that occupied the land
>> andrea: are we building our economy sensitivity? i'm surprised they didn't hire bob to do the training. just kidding. am i missing something? it sounded like toe tailtarian brainwashing. creepy. it probably scared people. walk around the office and scared to say something. am i missing something here? why are they talking abimmigration at the u sda? aren't there corn prices they need to talk about? maybe something like that? >> bob: right. this is out of their area of expertise....
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Feb 21, 2013
02/13
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that means the economy remains weak. we have a static economy, very weak indeed, rising unemployment and runaway debt. not a good picture for the overall economy as of this morning. martha: thank you, stuart. always good to see you. bill: up 20,000 from a week ago. martha: yeah. bill: you don't like to see that. 360,000 for the week. we're just kicking off right now. the u.s. government issues a new warning for anyone who tries to hack our computer system. this is a big deal. we'll talk about that in a moment. martha: you've heard about this looming automatic spending cuts coming down the pipeline. one week from today they're supposed to kick in. how tough is it really to cut 2 1/2% of the budget? could you pull that off? could you cut 2 1/2% from the hemmer budget? bill: i could, yeah, this afternoon. president obama is talking about his round of golf with tiger wood for the first time now. this is from 2009, this picture. of a the white house took heat for shutting out the white house press corps. did you hear tiger. >
that means the economy remains weak. we have a static economy, very weak indeed, rising unemployment and runaway debt. not a good picture for the overall economy as of this morning. martha: thank you, stuart. always good to see you. bill: up 20,000 from a week ago. martha: yeah. bill: you don't like to see that. 360,000 for the week. we're just kicking off right now. the u.s. government issues a new warning for anyone who tries to hack our computer system. this is a big deal. we'll talk about...
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Feb 18, 2013
02/13
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>> andrea: are we building our economy sensitivity? i'm surprised they didn't hire bob to do the training. just kidding. am i missing something? it sounded like toe tailtarian brainwashing. creepy. it probably scared people. walk around the office and scared to say something. am i missing something here? why are they talking abimmigration at the u sda? aren't there corn prices they need to talk about? maybe something like that? >> bob: right. this is out of their area of expertise. >> but they came in and threw the indians off their land, exterminateed them. >> exterminateed them? >> dana: farm and migrant lentor something they deal with. >> so america's founding fathers that came over here, colonized america, made it the great land it is our today, you say they exterminateed -- >> bob: jesse, you must have been educated -- >> you don't believe that. >> bob: the founding fathers came here 100 years after the approximately grimpilgrims came. >> the colonist, bob. >> bob: what do you think they did with the indians that occupied the land
>> andrea: are we building our economy sensitivity? i'm surprised they didn't hire bob to do the training. just kidding. am i missing something? it sounded like toe tailtarian brainwashing. creepy. it probably scared people. walk around the office and scared to say something. am i missing something here? why are they talking abimmigration at the u sda? aren't there corn prices they need to talk about? maybe something like that? >> bob: right. this is out of their area of expertise....
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Feb 22, 2013
02/13
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what you could spend millions on to benefit the chinese economy. economy. [ male announcer ] pearls. hairbands. and now hot pink toes. seems tough for a tough dog like duke. but when it has anything to do with gwen, he's putty in her hands. for a love this strong, duke's family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep his body as strong as a love that can endure anything... even every fashion trend. iams. keep love strong. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, ease? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every pchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wal
what you could spend millions on to benefit the chinese economy. economy. [ male announcer ] pearls. hairbands. and now hot pink toes. seems tough for a tough dog like duke. but when it has anything to do with gwen, he's putty in her hands. for a love this strong, duke's family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep his body as strong as a love that can endure anything... even every fashion trend. iams. keep love strong. from...